"π Coin Can Now Be Exchanged?" Listed as Rumor with High October Moments in WeChat Security Center

BlockBeats News, November 1st, the WeChat Security Center released the October 2025 Moments Heat Rumor, with "Can you exchange for π coins?" ranking sixth on the list. The WeChat Security Center stated that some internet users on social platforms posted short videos claiming "Now the bank branches have started approving π coins," attracting attention. Upon verification, it was found to be false information. The video content actually showed a "π" type approval specialist window at a local service center, which has no relation to the rumored "π coin" and is a misinterpretation of the "π" type approval specialist window. The "π type approval specialist" refers to a highly composite approval professional with expertise in at least two fields and the ability to integrate multiple knowledge domains. "π coin" is a virtual currency based on blockchain technology, employing a unique mining method and a centralized network architecture, and is the abbreviation of the Pi Network in English.

Researcher Lou Feipeng from China Postal Savings Bank stated that the rumor about being able to exchange "π coins" for Chinese Yuan is also false. The sole legal institution for currency issuance in China is the People's Bank of China. Virtual currencies like "π coin" are not issued by the People's Bank of China and have no exchange relationship with the Chinese Yuan. Previously, many local cyber police departments have issued risk warnings that the free mining of "π coin" is a scam to resell users' personal information and deceive them of their money.